Quote from Spooz Top:
this behavior with fomc just a week away tells me we are in bad trouble with investors traders losing faith in the fed.......people are starting to see the big pic with CB`s & our gov`t debasing our currency right in our faces.....stating that they will not support the USD whatsoever.
i`ve never been so bearish on the market & our country as a whole as i am now.....with our gov`t selling us out.
i don`t like missing a move like this in my position acct as i usually leg in early so i do not miss my mid/long term bias but i tried being too perect on this one & it cost me.
it`s sometimes easy to misconstrue multiple time frames as your torn between two directions.
even if we take out the 27.50 swing hi,i`ll mantain bearish bias all the way.